Do we even need politicians?
from Washington’s Blog:
Even American democracy – once a glorious thing – has devolved into an oligarchy, according to two leading IMF officials, the former Vice President of the Dallas Federal Reserve, the the head of the Federal Reserve Bank of Kansas City, Moody’s chief economist and many others.
Reader Eric H. has a very interesting take on the whole question of politics and democracy:
“I was curious about Athenian democracy, and when I was poking around I was very surprised to find out that traditionally, a state in which the people voted for their public officials was known as an oligarchy. This was because that even if not at first, then eventually the government would devolve to a small, homogenous group that had enough political power to disregard the will of the people. Today we define oligarchy as simply “the rule of the few,” but that’s only the symptom; the Greeks understood that the disease was the delegation of political power through elections. Sounds radical, I know.
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